This severe drop, amid declining prices around China, has
convinced both the people and developers that Kangbashi is a lost
cause.

New Tang Dynasty News, a New York based company, interviewed some
of the less-than-50,000 people who live in Kangbashi. Locals say
that they have all invested their own money in housing and that
they can't get their money back.

This winter even the cranes have stopped construction and the
migrant workers are fleeing.